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Palace Court, Sandylands Promenade - an apartmwnt with sea views

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

2

SIZE

721 sq ft

67 sq m

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • A 2 bed apartment which is being sold as an investment property
  • Over-55s development offered with no onward chain
  • Immediate gross rental income of £8,400 per annum | Long standing tenant
  • Panoramic views across Morecambe Bay
  • Private balcony for enjoying the coastal outlook
  • Spacious open-plan living and dining room
  • Two double bedrooms with fitted wardrobes
  • Private garage with internal lift access

Description

The Location

Sandylands Promenade is made for those who enjoy life beside the sea. Step outside and the promenade is directly opposite, offering level coastal walks, fresh sea air and far-reaching views across Morecambe Bay towards the Lakeland fells. Heysham Village and Morecambe town centre are both within easy reach, providing a choice of shops, cafés, restaurants and everyday amenities. Regular bus services connect the surrounding area with Lancaster, while nearby road links make travelling further afield straightforward. Popular with those seeking a more relaxed pace of life, this coastal setting combines a strong sense of community with one of the area’s most memorable outlooks. Whether walking along the shoreline or simply watching the light change across the water, the bay becomes part of everyday life.

The Property

For an investor seeking immediate income in a standout coastal setting, this two-bedroom first-floor apartment offers an established tenancy, a private balcony and panoramic views across Morecambe Bay.

The apartment forms part of a popular development for residents aged over 55 and is sold with a long-standing tenant in situ. Having occupied the property for approximately 14 years, the tenant currently pays £700 per calendar month, generating a gross annual rental income of £8,400.

Lift access leads from the communal entrance to the first floor, where the apartment opens into a hallway with a walk-in storage cupboard. The main living and dining room is bright and generously proportioned, with sliding glazed doors drawing attention towards the bay. Step onto the private balcony and the appeal becomes clear: this is a place to sit with a morning coffee, enjoy the coastal air and watch the changing weather and sunsets over the water.

The adjoining kitchen also enjoys a sea-facing outlook. White gloss cabinetry provides plenty of storage, complemented by an integrated fridge and freezer, an electric oven, gas hob, washing machine and space for informal dining.

Both bedrooms are comfortable doubles with fitted wardrobes, offering useful storage without reducing the available floor space. A shower room completes the accommodation, fitted with a thermostatic shower, washbasin, WC and heated towel rail.

The apartment also has a private garage within the lower basement level. It can be reached internally by lift as well as from outside, providing secure and practical parking. Offered with no onward chain, this is a ready-made investment with an established income and an exceptional waterfront position.

Material Information

  • Leasehold apartment with a share of the freehold.

  • Original 999-year lease from February 1984 to February 2983, with approximately 957 years remaining.

  • Service and maintenance charge: £400 every six months.

  • Ground rent: none payable.

  • Council Tax Band C; the source listing states an annual charge of £2,225.

  • Sold with a tenant in situ paying £700 per calendar month, producing a gross annual rental income of £8,400.

  • Gas central heating, double glazing, lift access and a private basement garage.

Parking - Garage

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Garage
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Palace Court, Sandylands Promenade - an apartmwnt with sea views

Approximate location

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Affordability

Monthly repayments£855
Property: £ 180,000
Deposit: £ 18,000
Interest rate: 4.85%
Term: 30 years
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Renovation potential
Recently sold & under offer
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About JD Gallagher Estate Agents, Lancaster

66 Market Street, Lancaster, LA1 1HP
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Hello, Can we help you?

We are John and Michelle Gallagher, owners of the areas leading independent estate agency in the heart of Lancaster.

We've been selling and letting property in Lancaster and Morecambe over 30 years, That makes us one most experienced agencies in the area!

We are ranked by Rightmove and The Property Academy as the BEST estate agent in the UK based on Service, Marketing and Results. The result is what it is all about.

We give you a straight and honest valuation based on data, our extensive knowledge of the local property market and current market conditions, no gimmicks, no fuss! We all also give expertise home staging advice, our aim is to help you get the best possible price for your home.

I'm extremely proud of the team we have here at JDG. They hold the same belief that I do, that people come first.

We focus on you, the customer. We believe that when you get the customer service right, the sales will naturally follow. Of course, there is much more to it than that, as you'll soon discover.

Ask us anything you want. You might be a first-time buyer looking to get onto the property ladder, you might be an investor want some sound investment advice or a safe pair of hands to manage your property portfolio. You might simply need some help in how to achieve the best price for your home.

At JDG we are to here help. You have our word

John and Michelle Gallagher

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Disclaimer - Property reference cb58509d-00a8-4167-b933-84340330b172. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by JD Gallagher Estate Agents, Lancaster. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.